Notcoin is a Telegram-based recreation that has captured the eye of tens of millions of gamers over the previous few months. The sport has racked up 34 million complete gamers, and hit a latest peak of six million day by day lively customers. That’s vastly bigger than most crypto video games.
The sport, created by Open Builders, is predicated inside the Telegram messaging app, and can launch a token on The Open Community (TON) someday within the coming weeks. Its founder beforehand advised Decrypt that the staff sees it as a singular strategy to distribute tokens to group members in a good method.
What may encourage 34 million gamers to faucet a golden coin in a messaging app? Crypto rewards, after all! Right here’s what it’s essential to find out about Notcoin and the upcoming token.
What’s Notcoin?
Notcoin, merely put, is a social clicker recreation. Gamers who wish to earn in-game cash can open up the Telegram app, faucet the Notcoin bot, invite associates to the sport, and dive in.
When you’re within the recreation, a gold coin is displayed in your display—and also you faucet the coin to earn an in-game foreign money known as Notcoin. You’re given restricted power that depletes after which refills slowly over time, so you may’t click on endlessly with out boundaries.
As you earn increasingly more Notcoin, you climb up a world leaderboard that’s damaged into completely different tiers—from Silver league to Diamond league. Gamers can earn further tokens by finishing quests that normally contain actions reminiscent of following a Twitter account or becoming a member of a Telegram group.
Gamers also can use “boosts” or power-ups within the recreation that enhance their incomes potential. There are two classes of free boosts that refresh day by day, the “Full Power” and “Turbo” boosts, in addition to further everlasting boosts that gamers should buy with their Notcoin. Such perks let gamers enhance what number of cash they earn per faucet and the way a lot power they will spend without delay, plus there’s an Auto-Faucet bot that retains accumulating cash whilst you’re away.
Gamers can use the Notcoin they’ve earned to buy beauty upgrades to vary the background of the sport, or what the coin they’re tapping seems to be like.
What’s the NOT token?
In any case that, you would possibly nonetheless be questioning: Why are 30 million folks tapping a coin to earn an in-game foreign money? The Notcoin staff introduced an airdrop for an actual token that might be awarded to gamers, after being cagey in regards to the chance at first.
The token, known as NOT, will ultimately go stay on The Open Community (TON)—the community that Telegram itself initially based—and be exchangeable for the in-game Notcoin that gamers have been incomes.
On March 30, the Notcoin staff shared a have a look at the tokenomics, saying that 100% of the NOT tokens will by default be supplied to the greater than 34 million gamers who mined them by tapping the coin. There will not be “Bitcoin-style early whales,” they wrote in a tweet thread and by way of the official Telegram group. Nevertheless, some tokens could possibly be helpful for enhancing the ecosystem.
“It could be useful for the ecosystem progress to have a significant quantity of Notcoins for the product improvement, upcoming listings, and for all of the tens of millions of individuals that may come subsequent,” they wrote. “If there aren’t any good concepts for these tokens, they are going to be burned.”
Notcoin has Bitcoin-style distribution, the place you mine cash for some effort.
With out bitcoin-style early whales although.
All cash are distributed as a really skinny layer (~0.0003% avg miner allocation) over 34 million folks.
— Notcoin Ø (@thenotcoin) March 30, 2024
Because of this, Notcoin is asking gamers whether or not they wish to contribute a share of their mined tokens to an ecosystem fund. Within the Notcoin app on Telegram, a message now seems asking whether or not gamers wish to donate 10%, 20%, 30%, or 50% of their cash—or they will select “Maintain for your self.” And there isn’t any obligation or incentive right here.
“There might be no bonuses for participation, solely respect,” the message reads.
When is the NOT token launching?
The Notcoin staff has been notably mysterious about when the token will launch. Lately, they deployed a glitch-like graphic that briefly appeared on gamers screens saying “7 Days.” They adopted up the glitch with a submit locally channel, letting gamers know that the “mining section” would finish on April 1st—after which a brand new section of the sport would start.
A Notcoin consultant advised Decrypt’s GG that whereas they couldn’t affirm when precisely the airdrop will happen, that it’s going to occur inside two weeks of the March 25 announcement.
Pre-market vouchers
Main as much as the airdrop, the Notcoin staff lately launched an NFT voucher program. Any participant with over 10 million Notcoin earned can convert their Notcoin (in 10 million increments) into NFT vouchers.
The vouchers might be purchased, bought, or traded earlier than the precise launch of NOT, permitting gamers to take a position on the eventual worth of the actual token. In the intervening time, Notcoin vouchers are buying and selling for round 10 TON per voucher, or round ~$50.
Gamers who don’t have 10 million Notcoin needn’t fear—their Notcoin will grow to be immediately exchangeable for NOT when the token goes stay, and so they’re not likely lacking out on something by not partaking within the voucher system. Effectively, apart from a little bit little bit of hypothesis.
Edited by Andrew Hayward
Editor’s be aware: This story was initially printed on March 27, 2024 and final up to date on March 30.
